Arkansas Aviation Estate with
For Sale
Contact for pricing
Pending
1051 Peterson Avenue, Decatur, AR 72722
230-acre property with private airport, lakefront views, and homes.
Property Size28,042 SF
Lot Size230.00 Acres
Days on Market279
Property Features for 1051 Peterson Avenue
General Information
Standard status
Pending
Size
28,042 SF
Lot size
230.00 Acres
Property subtype
Special Purpose
Listing Agency:
Better Homes and Gardens Real Estate
(479) 387-1534
Listed By:
Brande Weidler · License #EB00083125
Source:
Crexi
Added: Oct 31, 2025
Changed: Jul 10
Last Checked: Aug 5 at 3:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Better Homes and Gardens Real Estate
Investment Insights
Based on property information with market context.
This expansive 230-acre property in Arkansas presents a unique opportunity for aviation enthusiasts, business owners, or developers. The property includes a private airport featuring a 3/4-mile-long paved runway, five fuel tanks, and 18000 sq ft of hangar storage. Its location provides direct access to two major highways, facilitating transportation and logistics. The estate also offers lakefront views, creating a setting suitable for both business and recreational activities. The property is located off Crystal Lake Public Park, accessible via AR Hwy 102 towards Decatur, AR, then right on AR Hwy 59, and right at Crystal Lake Public Park. Three existing homes are situated on the property. This versatile property is suited for expanding an aviation business, building a custom retreat, developing a mixed-use commercial venture, or creating an air-park residential community. The property includes city, rural, waterfront, and wooded lots.
Key Highlights
- 230‑acre property with stunning lakefront views.
- Private airport featuring a 3/4‑mile paved runway and an 18,000 sq ft hangar.
- Direct access to two major highways, AR Hwy 102 & AR Hwy 59.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Explore this area
Business Placement
Demographics for 72722, AR
3,087
Population
1,208
Households
2.6
Avg Household Size
36
Median Age
19%
College-Educated
81%
High-School Grad
39.4 sq mi
ZIP Area
78
Density / Sq Mi
$52,333
Median Household Income
$41,343
Median Earnings
$788
Median Rent
$178,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 230-acre property with private airport, lakefront views, and homes.
Where is this land located?
The property is located at 1051 Peterson Avenue Decatur, AR.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: 230‑acre property with stunning lakefront views.; Private airport featuring a 3/4‑mile paved runway and an 18,000 sq ft hangar.; Direct access to two major highways, AR Hwy 102 & AR Hwy 59.
